Since 2020, whales hoarding WBTC are suspected to have closed all positions, with profits exceeding $21 million over five years.

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On October 22, according to on-chain analyst Ai Yi (@ai_9684xtpa), a large investor who has been accumulating WBTC since 2020, 0x59B…6325F, is suspected of closing all positions, with a cost as low as $53,180. This address built a position of 352.43 WBTC at an average price of $53,180 between 2020.09 and 2025.04, with a total value of $18.74 million; then in the past two weeks, it deposited $113,463 into CEX in four installments, and if sold, would profit $21.245 million, with a five-year return rate of 113%.

WBTC-3.44%
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